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The Guayaquil Chamber Of Commerce Signed an Agreement to Boost Foreign Trade

Today, several members of the Guayaquil Chamber of Commerce (CCG in Spanish) held a breakfast to arrange an alliance with the International Chamber of Commerce (ICC) and agree a way to boost the foreign trade of Ecuador. The purpose of this agreement is to be more involved in...
Posted On 23 Mar 2011
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Hesitation on the Deadline for Payment of National Brewery

The uncertainty of the former National Brewery (CN in Spanish) workers is becoming more intense as their date for utilities payment it’s constantly being expanded. Chairman of the Board, Roberto Guevara Elizalde, said yesterday that the 48-hour period “has two readings,...
Posted On 22 Mar 2011
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National Brewery Has Until Midnight to Cancel its Debt

After the period of 48 hours set last Friday by the ruling expired in favor of former National Brewing of Ecuador (CN in Spanish) workers, the company must pay until this midnight more than 90 million for unpaid utilities, according to the ruling of the third Criminal Division of...
Posted On 21 Mar 2011
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Alvaro Noboa: “I am neither legal agent nor director of Bananera”

During this afternoon, Alvaro Noboa addressed to the economist Carlos Marx Carrasco and the SRI people with a brief press conference. Noboa stressed: “I’m neither legal agent nor director of Exportadora Bananera Noboa S.A. ” Noboa expressed that it is...
Posted On 03 Mar 2011
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Alvaro Noboa Speaks About The RSI

Bananera Noboa was charged 90 million dollars by an IRS gloss from 2005. Other banana companies like: Chiquita, Dole, Del Monte, enterprises that are larger than Bananera Noboa, have only been charged with $250,000, which is an average cost. I do not believe they should be...
Posted On 22 Feb 2011
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Salaries of Public Employees Increased up to $ 600

Since Rafael Correa assumed presidency, one of his primary goals was to equate salaries in the public sector, which is why he reduced his salary by 50% (from $ 8,000 to $ 4,000). According to the scale of the Ministry of Labour Relations, which annually adjusts public workers’...
Posted On 15 Feb 2011
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Chevron Will Pay More than 8,000 Million Dollars

The Ecuadorian judge who has a lawsuit due to environmental damages against Chevron ordered the oil firm to pay more than 8,000 million dollars, said Monday the applicant attorney, Pablo Fajardo. Fajardo said the trial judge, Nicholas Zambrano issued a guilty verdict against...
Posted On 14 Feb 2011
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ATPDEA: Ecuadorian exporters fear market loss

Since yesterday Ecuadorian exporters began paying fees to enter the U.S. market, because of the suspension of the Andean Preference Trade Act (ATPDEA, according to its English acronym). The deadline to approve a new extension of the benefit expired last Saturday. Therefore, since...
Posted On 14 Feb 2011
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Andean Preference Trade Act Expires Tomorrow

Exporters of Ecuador could hold a few months without the U.S. preferential rates given to the country, but some companies would need government support, said Bernardo Perez, chairman of the Ecuadorian Federation of Exporters (FEDEXPOR). The Andean Preference Trade Act (ATPDEA)...
Posted On 11 Feb 2011
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Banana Reached Record Sales in 2010

According to the trade balance report of the Central Bank, exports of shrimp last year grew $173 million and the banana $36 million compared with the one in 2009. Banana exports reached a record cipher, surpassing for the first time $2,000 million. However, Manuel Chiriboga,...
Posted On 10 Feb 2011
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